The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is D.R. Horton (DHI - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
D.R. Horton is a member of our Construction group, which includes 101 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. DHI is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DHI's full-year earnings has moved 6.44% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, DHI has gained about 52.31% so far this year. Meanwhile, stocks in the Construction group have gained about 39.26% on average. This shows that D.R. Horton is outperforming its peers so far this year.
Looking more specifically, DHI belongs to the Building Products - Home Builders industry, a group that includes 19 individual stocks and currently sits at #51 in the Zacks Industry Rank. This group has gained an average of 47.48% so far this year, so DHI is performing better in this area.
DHI will likely be looking to continue its solid performance, so investors interested in Construction stocks should continue to pay close attention to the company.